FREE unbiased advice

 

Time to buy stocks?

The stock market is down 12% so far this year. For the long-term investor especially, this is the time to BUY. Stocks are on sale. The long-term trend is still positive—9-11% returns over time. If inflation continues at present levels, you will need those levels of return to maintain your purchasing power, especially in retirement. If you sell all stocks and buy bonds or cash, you will have little gains in future years. You may lose money. The last times we had volatility; the stock market fell and rose again. (Google IVV MAX for returns since 2000) If you had stayed in the market, your money has increased 204%. Compare other asset classes like precious metals, real estate, cash, Treasuries. Yes, less volatility but less compounded returns. Buffett’s secret: “My wealth has come from a combination of living in America, some lucky genes, and compound interest.”

Let compounding work for you: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

 

 

Putting your refund to good use

The average refund is $3,000. Save the $300-$600 tax prep cost by doing your tax return using IRS-approved tax software via IRS free file. Or AARP free tax prep. Do not mail your return since IRS is still processing 2019 paper returns. I just got my refund! Have your refund put in your account directly—direct deposit is the safest way to finish your taxes. Take all your credits: Child and Dependent Care Credit was supercharged through the 2021 American Rescue Plan. Parents can receive a tax credit worth as much as $8,000 — nearly four times the previous limit of $2,100. The Child Tax Credit provided funds throughout the year but some families may have been shortchanged. The expanded Child Tax Credit, by comparison, provides $3,600 for each child under six and $3,000 for children between 6 to 17. The fact that the tax credit is also fully refundable is important because it could boost the tax refund that many parents receive this year. Invest your refund each year and you could have $500,000. Start your tax-FREE retirement fund so you have enough later on. When you can no longer work, you can spend ALL of your investment earnings—no taxes. This helps avoid taxes on your Social Security too.

Guarantee your future: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

What’s your retirement income look like?

Before you quit your job and retire, you need to see if you will have enough income. The earlier you do this the better—you may need to hang on for a while. You can get an estimate of your Social Security benefits at ssa.gov/benefits/retirement/learn.html#h2,

Ask your HR department for your estimated income from a company pension or retirement plan. Will your pension provide cost of living increases and pay some of your health care expenses? If you may be doing a ‘back door’ Roth IRA conversion, wait for Congress to decide on the BBB bill, expert Ed Slott says. Finally, you can estimate how much income you might receive from your savings/investments with a Monte Carlo income calculator like Vanguard’s. Is your spouse’s income included? Are there any forgotten 401k pensions from former employers sitting out there? Are you planning on staying in town with your current friends or moving? Are you getting financial support from other sources? Are you likely to arrange a phased retirement with your employer? What are you planning to do with your time? Will you have enough income? How will you handle health care costs before Medicare kicks in?

https://www.amazon.com/You-Can-Afford-Retirement-FEE-FREE/dp/1517738253

 

Why Trump and kids have subpoenas

NY State thinks he has defrauded businesses because he faked the value of his assets in his financial statements. For instance, he claimed his Westchester golf club was worth less than the tax assessor said so he paid less property tax. He also claimed deductions for claiming the forest in the front yard of his mansion would never be developed. Since his accountants are now admitting their returns are not to be trusted, his businesses may have fake deductions and asset values. His business partners are suspicious. His business manager has already been spoken to so he will have few other people to blame for fraud. He may have been involved in money laundering in his real estate deals. His kids may have been involved. His normal response is to delay any confrontation so this prosecution may take more time. If he is reelected, he will not be able to claim the privileges of the president or replacing of the prosecutor since this is a state violation. Remember, he told us he does not pay taxes because he is smart. Or maybe just a criminal fraudster. 

https://www.amazon.com/Most-U-S-Corporations-Pay-Taxes/dp/1514274116

 

When do you need to hire an advisor?

Financial advice comes in so many forms, you need to make a careful selection or you will pay more than you need to pay. For instance, if you pay a salesperson to manage your money, you could be giving up 63% of your potential overall earnings. One analyst calculated that if you pay annual expenses, trading costs, and poor trading timing, your total expenses can cut your earnings in HALF. If your investment returns average 7% and you pay 2%, your net is 5%. Inflation averages about 3% so you are accumulating at 2%--not much better than a guaranteed 10 year Treasury. Because sales people are notoriously bad at beating a simple stock market index account, you could be giving up earning 11% gross over time. On the other hand, if you need financial advice like charting your retirement income projections, you could pay a one-time fee to a fee-only fiduciary planner. Financial planners listed reflect FPA CFP^® Professional members in your area. This assures you that you are not being sold an expensive product or service. You pay a fee for a report/advice like you would pay a lawyer.

Pay less; earn more: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

 

FREE unbiased investing advice from real professionals

Charlie Munger, Vice Chairman of Berkshire Hathaway, speaks at the Daily Journal Annual Meeting. With Warren Buffett, Munger has grown wealth for stockholders in

Berkshire Hathaway. If you don’t have time to listen, his take on a rich and happy life:

Avoid treating the stock market like a casino.

Avoid speculating in cryptocurrencies.

Avoid doing something because you see someone else get rich doing it.

Avoid anything so addictive to you that you give up everything else. For some, it could be alcohol. Others, it could be video games. Others ‘playing’ the market.

Avoid “pretentious expenditure”.

Avoid holding large amounts of cash.

Buffett is more explicit: own 2 low-cost Vanguard stocks for retirement. When you have stock assets, your money compounds at higher rates when your account fees are 0.01-0.05%, not the retail rates of 1.5-3%. You don't have to settle for retail products that are structured to provide your advisor’s firm with higher revenues. The average investor earned just 3.79%, not the 10-12% market rates. (QAIB)

Use unbiased advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Why reinvesting stock dividends can provide better returns

Dividends are paid to stockholders when corporations earn profits. Usually, these companies are stable money makers like Microsoft, Johnson & Johnson, UnitedHealth, JPMorgan Chase, Procter & Gamble, Home Depot, Visa, PepsiCo, and Broadcom. Owning shares provides cash that can be reinvested in more shares and produces the Miracle of Compounding. Dividend increases plus share price increases amount to compounded returns of 11% a year or more. One such fund is low-cost Vanguard Dividend Appreciation Index. Over time, several of our readers have turned their $500 a month investment into over $100,000 in 10 years.

Pay less; earn more: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

 

Trump sued for inciting riot

 

Inciting gov overthrow not “official act”

 

State electors can pick any president

 

Trump: Putin’s invasion ‘genius’

 

 

How Govt wastes our money:

GOP anti-vax increases mental health diseases in citizens:

Putin takes Ukraine: house to house guerilla war: Putin wants old USSR land

FoxNews supporters of Putin’s invasion: Don, Tucker talk anti-Biden ideology

 

SCAMS/SPINS:

Stand-your-ground laws match 11% increase in gun killings: No talk; just kill you

CA lets citizens enforce assault-weapon sales ban like TX abortion ban: earn $10K

 

Charles Severt caught stealing Social Security benefits; $20K from church: 2 yrs prison

Parking lot ‘gold’ is not real: scanners say need gas food: direct them to pawn shop

Vehicle Protection Corp caught selling ‘Extended Auto Warranty’ scam: $6 million

 

Skin care scams: they just don’t work: snake oil was popular too.

Home Security Systems Vulnerable to Hacking: CR's tests of 10 DIY systems

Tesla autopilot causes crash: “unexpected brake activation" at highway speeds

 

Look out: Tesla working on making Steam Games playable in cars: can kill you

TurboTax caught bait switch free to FEE scam: uses IRS file free advert

 

Trump selling ‘classified’ US-owned documents from his FL hotel?: 3 years prison!

Trump’s mafia threatening: 30 Dems to leave House in 1 year: highest since 1992.

Trump’s mafia forces 2 top NY prosecutors working on Trump crimes to resign, fast

 

Trumpists meet Leader in Orlando: CPAC rally future or rerun ‘stolen election’?

GOP insane: Trump blames Russia's invasion of Ukraine on US 'rigged election'

4% of Americans are on Russia’s side: Most OK to let Ukraine stand alone

 

Now that everyone is de-masking; maybe I should keep mine in place: 950,000 dead

more contagious omicron variant BA.2 is stalking our country.

 

Jobs

Your next interview online: computer will interpret your ‘real’ readiness for job

Cities with most job growth: Austin, Salt Lake, Dallas, Tampa, Phoenix, Jacksonville.

Green jobs expanding beyond solar panels

 

10 jobs with the biggest salary increases : some 63.7% increases

 

Who owns your account now?

Where the bad guys hide their ill gotten $ millions

My small handy ATT flip phone already stopped working: 3G wireless channel is closed

What happens when we lie about your home insurance claim

 

Phoenix, Tampa and Miam led home price increases: highest in 34 years

Dallas buys 4^th hotel for homeless: TX split boom bust on citizen’s inequality

 

Miracles:

2 patients experimental treatment lymphocytic leukemia are cancer-free a decade later

Gene Therapy for Tay-Sachs Disease: 2 kids try new approach

Solar panels on water canals generates 13GW plus saves water from evaporation!

Warming: uncontrollable wildfires will rise 14% due to greenhouse gas emissions

 

dog goes home after lost 12 years: miracle: expired chip 60 miles away

Buy a used car WITHOUT a $1,000 mechanic check: wear gloves

Does Jesus really care which word they use to accept as Lord? Baptize by full immersion?

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Unbiased financial leaders say use a fiduciary not advisor/broker

 

Flaw in ban on Surprise Medical Bills

If you have a medical emergency, you will no longer need to worry about a large bill from a doctor you did not choose—MAYBE. The 2022 “No Surprises Act” is supposed to protect us against most surprise out-of-network medical bills. For Good Samaritans who donate organs this has always been the rule. However, because of the complexity of dealing with 4 or more institutions regarding medical procedures and their medical billing procedures, you may get caught in a fight with bill collectors they sell the ‘receivables’ to. (Remember, bill collectors get paid to collect the debt they purchased, not to correct a mistake a previous institution made.) Also, know that our Reps gave some providers’ lobbyists a break in which charges are exempt from the law. The ambulance industry CAN charge you even if you didn’t pick the one the in-network institution uses. Another example: I just got a bill from a provider I did not pick. My doctor immediately called in his favorite X-ray person in the same building to do my X-ray since I was in need and the machine was down the hall. So in our medical system, each entity that provides something; anything; that can be coded (an aspirin, X-ray, swab kit, glove, cold/hot pack, etc etc) will add to our bill. If you look at your hospital bill, you will be shocked to find an aspirin can cost $30. If you insist on brand Tylenol instead, it costs more. A trip to the hospital can cost more than a bomb the Air Force pays to arm its fighters.

 

What we regret most

Regret: I wish I had done something or not done something in the past. In The Power of Regret, Daniel Pink asked 16,000 in 105 countries about their top regrets. People regret not building a strong foundation — that is, not saving money early, not being prudent," Pink says. "With financial regrets, they're less about not hitting a home run and more about not regularly getting on base." It is TIME in the market not brilliant advisor stock picking that builds wealth. No advisor can be right all the time so in the long run, you lose more than you gain. The average advisor-managed account earned just 3.79% vs 11% for a pure low-cost stock market index fund. It is the high fees and bad market timing that ruins your investment plans. Starting early, using your average tax refund or $250 a month in a low-cost stock index fund like Warren Buffett recommends provides your best chance of providing an above average retirement income.  

Avoid advisor fees: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Why unbiased financial leaders say use a fiduciary

A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. This is the kind of person you want to handle your money and life choices. Otherwise you become an ongoing meal ticket for a salesperson and their firm’s owner. Fidelity owners, the Johnson family, have a net worth of 36 Billions. They did not get to that level working 9 to 5. They take fees every year from your savings and investment accounts (if your money is at Fidelity). On the other hand, Vanguard Group of funds is owned by its investors. You get financial products and services at cost: No middle person fees and charges. Low-cost stock index funds, like Warren Buffett recommends, provide you with your best chance of gaining an above average retirement income. Earn market rates of return not the Johnson’s rate. I don’t work for Vanguard. I moved my money from Fidelity because I earn more at Vanguard. They just cut their fees again—Target Retirement Funds—1/5^th the cost of others. I keep more!

Buy at cost and save: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

 

Another way wealth people make us pay their taxes

Passing on $ billions tax-FREE to the kids who never have to work and contribute to our society. Shale King Harold Hamm Is Passing Billions To His Heirs Tax-Free. If the kids don’t pay taxes on their $2.3 billions, we will be stuck paying for the courts, highways, airports, and armed forces they depend on. His lawyers carefully structure transactions so they benefit heirs but aren’t technically gifts at all. Thus no gift or estate taxes are paid. Yet he controls the company that provides the wealth. Filings show Hamm used an LLC and more than a dozen different trusts to complete the transfers. Phil Knight used a variety of techniques to move billions of dollars to his family tax-free. Eric Yuan transferred $6 billion worth of shares to unspecified beneficiaries for “estate planning” reasons last March. Late casino mogul Sheldon Adelson shuffled shares of Las Vegas Sands Corp. in and out of more than 30 trusts to pass along at least $7.9 billion to family members. Cosmetics heiress Jane Lauder became an overnight billionaire in 2013 when she received L’Oreal SA shares worth more than half a billion dollars. Our so-called ‘representatives’ wrote the tax laws that let them pay NOTHING. You have one way to avoid paying THEIR taxes.

Use your legal tax-FREE account: https://www.amazon.com/Your-Wealth-ReserveTM-Tax-FREE-Investment/dp/1484954882

 

If you earn less than $100,000 a year, start investing NOW

The only way to have enough income in retirement is to start early. Why? Because most working people need time for the Miracle of Compounding to accumulate a large nest egg. It takes large contributions or a long time to have enough retirement assets to live on later. For instance, investing $250 a month for 35-40 years will provide a retirement income of about $45,000 for 30 years. You would need to triple that—or invest $750 a month—if you only have 25 years left to invest. If you wait to start, you will need $2,500 a month for 15 years to reach your goal. This assumes you can earn 10% a year on average in a low-cost stock market index account. This is the type recommended by Warren Buffett. If you rely on a high-fee broker/advisor, it may not be possible to reach your goal at their average of 5.19% annual earnings. Low cost beats high cost over time.

Use the Miracle of Compounding: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

 

Take all your special 2021 credits to offset taxes

2021 was a difficult year for most working Americans. Take all your credits: Child and Dependent Care Credit was supercharged through the 2021 American Rescue Plan. Parents can receive a tax credit worth as much as $8,000 — nearly four times the previous limit of $2,100. The Child Tax Credit provided funds throughout the year but some families may have been shortchanged. The expanded Child Tax Credit, by comparison, provides $3,600 for each child under six and $3,000 for children between 6 to 17. The fact that the tax credit is also fully refundable is important because it could boost the tax refund that many parents receive this year, experts say. Tax credits are dollar-for-dollar reductions in a person's tax liability, versus deductions that lower a person's overall taxable income. Save the $300-$600 tax prep cost by doing your tax return using IRS-approved tax software via IRS free file. Or AARP free tax prep. Do not mail your return since IRS is still processing 2019 paper returns. I just got my refund!

https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Social Security is the best annuity available

Insurance companies make a lot of money from annuities because you receive less than you invest with them. Yes, you are guaranteed payments for the rest of your life but unless you pay more now, your benefit will be cut by inflation over time. That means you receive less and less each month in buying power. At current levels of inflation your benefit will be worth about HALF the current payments in 20 years. Compare SS benefits: annual inflation protection—in 2022, benefits were increased by 5.9% at no extra cost to you. There is no policy charge, commission, admin fees, surrender charges, mortality expenses, investment expenses, or inflation rider fee. You can also create a low-cost income stream like an annuity to supplement your SS benefits.

Use the best: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

GOP guarantees itself a win

 

More subpoenas

 

 

How Govt wastes our money:

Ukraine the new Korea? Putin takes HALF (East of Dnieper) to save face at home

100 more incidents involving counterfeit parts in nuclear power plants in 2021

Manchin’s political veto gives friends $ millions in lobbying fees: making them wealthy

 

GOP asks truckers to come block highways in US: Putin hacker firm invites chaos

Another costly vacation: House returns to work Feb. 28 after Presidents Day recess.

IRS Adds Four “No Rule” Areas for Trusts Estates: wealthy avoid taxes; we pay their tax

 

 

SCAMS/SPINS:

WI Trumpers ban ballot drop boxes: WI supremes help GOP win elections

TX rejects thousands of ballots for primary: GOP secures win before election

Billionaire pays to oust GOP reps who voted to impeach dictator Wannabe: follow cash

 

Two MS whites chase Black FedEx driver in truck: 5 shots: another hate crime?

CA deputy shot Black homeless man in struggle for jaywalking arrest: no charges

FL former cop kills man in phone-in-theater dispute: ‘stand your ground’ defense

 

NYC employees comply with vaxx mandate or face losing their jobs: 940,000 dead

Employees don’t fight mandate for driving, guns, seatbelts, recycle, dog poop, taxes, etc

500 unruly passenger incidents first six weeks of 2022: GOP cancels US do-not-fly list

Is Putin trying to divide us again: fake Trump letter, fake crops, fake food supply chain

Zero Hedge, 1.2 million Twitter followers, published Moscow propaganda as truth

 

Volvo now owned by Geely, Chinese billionaire business magnate Li Shufu.

Fake ‘vintage’ goods sold are really new: ads for fake vintage stuff: get nothing

Russell Joseph Mutter caught $3.3 million financial fraud, fake statements 16 yrs prison

Mark Boucher, CA, caught stealing $2.2 mil by forging signatures, wire transfers, etc

Kenneth A. Welsh NJ caught stealing $1.9 mil fake wire transfers; arrest

CO elections clerk is sued after passing on voting data to groups behind disinformation

 

 

Royals pay up for Andy’s sex with minor accusation: it’s good to have Queen behind you

 

Hertz caught getting car renters arrested after mistakenly filing stolen vehicle report

 

Football $ 1 billion online gambling boom changes fans into transaction action addicts

NFL censured Super’s half-time show so some wouldn’t be offended: listen carefully.\

Email from Chase: review your contact info: but I don’t have a Chase account: scammer

Scammers reach $800 average take: can you spot them coming after you? Gov can’t

 

Chrysler now ‘Stellantis’ recalls 19,808 plug-in Pacifica Hybrid: charging fires

Tesla sued for killing driver when it ran into fire truck by itself: blinking lights attract

Sandy Hook families win $73 million vs Remington but Remington is bankrupt!

 

 

NFT marketplace shuts, citing 'rampant' fakes, plagiarism; so much for online only views

 

Trump and his two eldest children must comply with AG order to testify: take 5^th 500 X

Trump’s accountant: his businesses cooked the books, “inflated property values”

 

Trump threatens Clinton advisor with death for spying

 

Jobs

The adverts without the football on Sunday: vote on your favorite: $7 million/30 sec.

Some jobs can be done from anywhere if you have the right training or attitude

Citigroup head got 32% increase to cover inflation years in advance: live on $22 mil?

 

Least cost accredited college degrees: MBA, M Ed, MSIT

 

Who owns your account now?

Insurers push Congress to allow annuities as investment’s default: high fees cut earnings

“Americans can exercise Constitutional rights without hiring high-priced lawyer or lobbyist”

Investors not families buying up homes in critical areas in each city

 

New tax we paid to gambling industry: 2021 the highest-grossing year ever: $53 billion 

4 free Covid tests sent to your home: https://www.covidtests.gov/

Some student loan cancellations: fraud rampant in some: DeVry  ITT Technical Minnesota Business/Globe .

 

Miracles:

February 12: 49* at 8 AM northern NJ. Forty nine going to SIXTY! Warming?

Western US draught worst in 1200 years: hottest superbowl ever

This is how royals cut cake: stab down like killing a vampire

 

Space weather took out 40 SpaceX satellites: don’t look into the sun directly

Skaters using drugs OK as long as they use own script and grandpa’s and under age

MIT makes $4 water desalination machine: fresh water for the world

 

Eastern cities hit regularly with costly floods as sea rises faster next 30 years

Flowering plants multiplying in Antarctica as the climate crisis has warmed the summers

Woman Appears to Be Entirely Cured of HIV

 

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Moving retirement money

 

Advisor’s universal advice: “Long-term investing isn’t sexy. It just takes patience.” There is only one way to make sure they have enough for later life, this advisor warns athletes. “You’re wealthy today, but that doesn’t mean you’re going to be wealthy tomorrow.” “[They] get real loosey-goosey with the money they have in their bank account,” the advisor says. “You may be making $2 million one year — but the next, you could get cut and make zero.” Years ago, players were going broke or bankrupt after football. Now the NFL will match what they put in their 401(k) up to 200%. If you don’t have a matching 401k or 403b at work, an IRA can provide the same huge nest egg in retirement—it just takes time. There are two IRA flavors—tax-deferred or tax-FREE. A traditional IRA allows you to deduct up to $6,000 from your annual taxable income. You pay tax later when you take the money out for retirement income. A Roth IRA allows you to contribute AFTER tax money so your life-long gains in the account will be tax-FREE. $250 a month in a low-cost stock market index fund may grow to $1,000,000 in 37 years. You have contributed $111,000 but the full $1 million is tax-FREE. This may mean no income tax on your SS benefits too. $1 million to spend just takes patience.

You don’t need to earn an NFL salary: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Winning a contest or gambling is NOT the way to wealth

Amy Schneider Faces Tax Bill Of Over $630,000 After Record 'Jeopardy!' Win. Schneider won $1,382,800 but almost HALF goes to taxes. A better way to build wealth is to pay NO taxes on your income. Our tax system does provide a better way: tax-FREE earnings using a legal tax haven so that every penny you earn can be spent—no taxes. Hopefully Schneider has used this tax-FREE account for her regular job. She could have invested in the IRS-approved account during her work years and accumulated over $1 million and NOT have to pay taxes on the full $1 million. Avoid taxes like the rich.

Use your tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

 

You quit: What to do with your retirement money

People are looking for flexible work arrangements, higher pay and job security in their careers. Many are willing to leave their jobs to find something better. But what do you do with your old 401k or 403b? Some companies allow you to leave it in your old plan. However, you will need to monitor closely what is going on there. Sometimes when companies change hands, the former workers can’t get their money out right away or at full value. Unless you are planning on taking your nest egg now to live on (and pay the 30-40% lump sum taxes), you have the option of keeping your balance growing. You may need 30 years worth of retirement income so most people make a tax-FREE transfer to a new job plan or to a rollover IRA at a mutual fund firm. Each time I left my employer, I had the Vanguard custodian receive my old job account directly into a tax-FREE rollover account. This avoids the chance that the old plan clerk tells the IRS that you took the money without paying taxes. It is very difficult to undo a mistake of this sort. You can’t put the “genie back into the bottle.” When the money got to Vanguard, I told the trustee to put it in the same kind of investments I owned in my old 401k. I never paid a dime in tax along the way to a comfortable retirement income.

https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

Why stocks are the best tool to beat inflation

Inflation is happening now at 6-7% annualized. My 69 cent can of beans went to $ 0.79 in 1 week. Gas, food and rent are more expensive so my income can’t keep up. My fixed income pension and investments have less buying power so I must buy less of everything. I buy half a dozen eggs instead of a dozen. For my readers who have most of their investable assets in low-cost broad-stock market mutual funds, they will be able to keep buying what they have been buying. Their accounts are down only 5% so far. They are not traders or cyber speculators. They expect their total returns from stocks to maintain the average of 10-12% nominal. If inflation returns to the 3% historical average, they gain 7-9% staying ahead of any cost increases. There are no guarantees but as Warren Buffett has done in his will, his heirs will prosper from his mandate of using a low-cost stock fund for retirement growth and income. Low-cost beat high-cost in every period.

Take his advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

 Do you need a financial advisor?

The for-profit industry thinks you should pay one $ thousands. But how do you find one who can help you without taking most of your earnings. One industry insider calculated that paying 2% in fees, trading, and poor timing will deprive you of up to 63% of your potential accumulation. Over your life of saving for retirement, you could end up with $ 2 million or less than HALF that. There are money managers, securities sellers, financial planners, RIAs, and discount brokers. You must decide which you need, so ask a lot of questions: costs, taxes, legacy, risks, strategies, large mutual fund firm or small ‘boutique’ firm, DIY or full service, fiduciary or trader, family or lowest bidder firm. Shop around. Maybe you need one of each type. One sales person can’t do it all.

It’s your money: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Congress people make $ millions on stock trading info we don’t have

At ‘work’ Congress people use "insider trading" with their privileged information. We pay their staff to find information on the issues of the day. Example: they learn early which vaxx maker used, which firm will get gov contract for new weapon system, which oil fields will be leased to which oil co, which new gov building built where, etc. They learn which companies will merge, go bankrupt, fail and be investigated before we do. House Rep Pelosi, listed as the eighth biggest trader in 2021, is not the only lawmaker 

whose disclosures reveal millions of dollars worth of transactions. Congress works the system they create: they write the tax laws about their own businesses, that provide subsidies to their donors, that fund the Import Export bank that supports Boeing, that even pays themselves as gentlemen/women ‘farmers’. This is socialism for the rich and connected. Government helps the wealthy stay wealthy.

Socialism American-style: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

 

Trump admits “sending US to hell”

 

GOP censures terrorist accountability

 

GOP: sedition is 'legitimate political discourse'

 

Justice Dept ‘lawyer’ planned coup

 

Trump flushed coup plan down toilet

 

Pence shines light in the gulags “I am the only one”

 

 

 

How Govt wastes our money:

Who would be against lowering carbon emissions in Biden’s BBB bill? Not people

82nd Airborne deployed to Eastern Europe: Biden draws Putin a line GOP objects

FL GOP nixes abortion for rape, incest: FL GOP will adopt/raise these kids for life

FL to give people right to pick school topics so NOT to give student any “discomfort.”

 

IRS wastes money on facial recognition instead of auditors to catch rich tax avoiders

Government shuts down Feb 18: Congress goes home next week: another work stoppage

Manchin killed clean air part of BBB to keep his biz in coal sales: $500,000/year

We lost $125 million Mars orbiter with simple math error: no one fired

 

SCAMS/SPINS:

Spotify for misinformation: Follow the $100 million:   _____better places for music? 

Guns don’t kill people; people kill people: lock up all the people with guns?   Sure

 

Stop retirement account hackers with help from your investment firm.

 

AL GOP new voting districts cut out Black voters: Supremes agree cut Black votes

NC Supremes: GOP gerrymandering unconstitutional: GOP took away 2 Dem districts

Check the source before you accept what they say: easy to fake it

 

Texas butterfly sanctuary closed after far-right threats: fake reports wake brainwashed

Trump adviser to take over Republican National Committee: more control; more money

 

Canada-MI trucker’s protest is not about mandates: 90% vaxxed: Anti gov protesters

Miracle: all those “deeply held religious belief” anti-vaxx letters $195; same sources?

GOP anti-vaxxers going for 1,000,000 dead: US leads the world: 19,000 a week no vaxx

COVID Orphans—Over 200,000 Children Have Lost Family: NOT a personal choice

 

Covid plague takes out 793 English pub which lasted in wars, famine and last plague

 

Tesla takes out 2 deputies while ‘driver’ watching movie: why let car kill?

Tesla self-driving is a marketing stunt: watch this drive before you buy: killed or kill?

Forget auto driver: Tesla tries to drive down railroad tracks; hit pedestrian, bike lane

 

GOP intimidates voters by sentencing woman to 6 years prison just for registering

 

Sucking kids into gambling with gaming-style aps may cause more additions

6 India-based call centers indicted for placing tens of millions of scam calls

Hyundai, Kia cars can burst into flames: don’t park near buildings: recall 500,000

fake luxury goods from Gucci to Chanel across Facebook, Instagram: know your stuff

 

Nun Mary Margaret Kreuper, 80, caught stealing $835,000 school tuition funds: 1 yr jail

Scott Nicholson caught stealing $471,601 in commodity trades that failed: 3 yrs prison

FURMAN ALEXANDER FORD caught stealing $1.3 million fake docs: 11 yrs prison

 

Michael M. Beck caught talking up stocks on Twitter then selling same for profit: Refund

Product aimed at women cost more: violated the Missouri Merchandizing Practices Act 

Facebook caught breach of anti-money laundering and scam laws

 

Canada Catholic church tortured and killed hundreds of kids: “suffer the little children”

 

Jobs

Protect our grid, financial system, communications from quantum computer hackers?

TD Bank boosts child care and elder care benefits

Which vehicles do thieves like to steal? Not Mercedes, Porsche, Audi

 

Can the 82nd Airborne help EU stop Putin’s invasion of Ukraine?

Dolly will pay your tuition books fees even if you are part time

 

Who owns your account now?

Landlords get around rental increase limits by charging extra “amenity fees”: up 14%

Amazon Prime costs more: Free stuff helps soften the blow

Finally, ‘no-fly’ list of unruly passengers: Unruly will be given parachute: no turn back

 

Jeep Wrangler rated bottom of reliability, noise, mpg, bumps, but loved by drivers

Most and Least Liked Car Brands: Would you buy your brand again?

Retire to best states; avoid the worst states: taxes, health, and quality of life

 

Discovery takes over CNN HBO: Discovery will appoint a new leader of CNN

 

Miracles:

Pence stops bending over: Trump’s plan to cancel Biden result: "un-American.”

Student builds 3D prostheses for injured dogs that give them new life

Spinal Implant Enables Paralyzed Man With Severed Spine to Walk Again

 

8-year-old writes Christmas book, puts in library: 100 waiting to read it: next big thing?

Annette Goodyear, crossing guard, saves student from car speeding in school zone

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

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